DTE Energy Co (DTE) Shares Sold by Fiduciary Trust Co.

Fiduciary Trust Co. lessened its stake in shares of DTE Energy Co (NYSE:DTE) by 10.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,811 shares of the utilities provider’s stock after selling 1,532 shares during the period. Fiduciary Trust Co.’s holdings in DTE Energy were worth $1,431,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Global X Management Co. LLC raised its stake in shares of DTE Energy by 6.8% during the first quarter. Global X Management Co. LLC now owns 7,757 shares of the utilities provider’s stock valued at $810,000 after acquiring an additional 493 shares in the last quarter. LPL Financial LLC raised its stake in shares of DTE Energy by 1.1% during the first quarter. LPL Financial LLC now owns 44,443 shares of the utilities provider’s stock valued at $4,640,000 after acquiring an additional 499 shares in the last quarter. Riverhead Capital Management LLC raised its stake in shares of DTE Energy by 8.5% during the first quarter. Riverhead Capital Management LLC now owns 7,437 shares of the utilities provider’s stock valued at $776,000 after acquiring an additional 585 shares in the last quarter. Tyers Asset Management LLC raised its stake in shares of DTE Energy by 7.7% during the first quarter. Tyers Asset Management LLC now owns 8,176 shares of the utilities provider’s stock valued at $854,000 after acquiring an additional 588 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of DTE Energy by 5.7% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 11,165 shares of the utilities provider’s stock valued at $1,157,000 after acquiring an additional 600 shares in the last quarter. 69.99% of the stock is owned by hedge funds and other institutional investors.

Shares of DTE Energy opened at $110.72 on Friday, MarketBeat.com reports. The company has a market capitalization of $20.06 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 3.36 and a beta of 0.15. DTE Energy Co has a 52 week low of $94.25 and a 52 week high of $116.74. The company has a quick ratio of 0.89, a current ratio of 1.16 and a debt-to-equity ratio of 1.23.



DTE Energy (NYSE:DTE) last issued its quarterly earnings data on Wednesday, July 25th. The utilities provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.23. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $2.57 billion. DTE Energy had a net margin of 8.58% and a return on equity of 10.63%. During the same quarter in the previous year, the firm posted $1.07 earnings per share. sell-side analysts predict that DTE Energy Co will post 6.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Monday, September 17th will be issued a $0.8825 dividend. This represents a $3.53 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, September 14th. DTE Energy’s dividend payout ratio is currently 63.15%.

In other DTE Energy news, insider Peter B. Oleksiak sold 1,000 shares of DTE Energy stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $99.89, for a total value of $99,890.00. Following the transaction, the insider now directly owns 29,555 shares of the company’s stock, valued at $2,952,248.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Gerard M. Anderson sold 10,000 shares of DTE Energy stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $110.18, for a total transaction of $1,101,800.00. Following the completion of the transaction, the chairman now directly owns 84,858 shares in the company, valued at $9,349,654.44. The disclosure for this sale can be found here. Insiders sold 16,226 shares of company stock worth $1,773,947 over the last ninety days. Corporate insiders own 0.59% of the company’s stock.

Several research firms have recently weighed in on DTE. Zacks Investment Research raised shares of DTE Energy from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research note on Monday, July 30th. ValuEngine raised shares of DTE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. Howard Weil started coverage on shares of DTE Energy in a research note on Tuesday, July 24th. They issued a “sector outperform” rating and a $115.00 price objective for the company. Scotiabank started coverage on shares of DTE Energy in a research note on Tuesday, July 24th. They issued a “buy” rating and a $115.00 price objective for the company. Finally, KeyCorp boosted their price objective on shares of DTE Energy from $115.00 to $118.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. DTE Energy has an average rating of “Hold” and an average target price of $111.82.

About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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Institutional Ownership by Quarter for DTE Energy (NYSE:DTE)

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